The DAO threw a monkey wrench into my predictions. (Actually, I haven't kept up with the latest cryptocurrency news and was completely ignorant of the existence of the DAO in my previous charts.) It would appear that the demand for DAO has been enough to delay lower ETH prices. Glad I didn't short ETH...
Here is a link to a graph of DAO token creation: ...

After reviewing my initial forecast, I have concluded that the false bottom occurred at the end of April and that ETH has begun it's final descent. Confirmation will occur around May 22 as the price encounters crossing trend lines. Look for ETH to continue dropping, EVEN IF the price pops above the red trend line...

Bitcoin continues to follow past price patterns: After every peak and correction a period of time is spent stabilizing before new growth is resumed. The only thing that is really changing is the amplitude: spikes and drops are getting steeper and the overall price fluctuations in the short term are getting larger. Daily and even hourly price ranges easily span ...